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What is the present value of $7800.00 payable in six years if the current interest rate is 7.6% p.a., compounded quarterly? Round to nearest 100th.

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What is the present value of $7800.00 payable in six years if the current interest rate is 7.6% p.a., compounded quarterly? Round to nearest 100th. . How much would you have to deposit in an account today to have $37 000.00 in a three- year term deposit at maturity if interest is 7.775% compounded annually? Round to nearest 100th. Total: /25 or 15 100% 4 5 6

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